Household Debt Rose to a New Record High in Q4 2025

Published on March 9, 2026

The Debt Black Hole keeps getting bigger. Household debt grew modestly in the fourth quarter of 2025, ending the year at another record high.

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Geopolitical Tensions Drive Short‑Term Market Volatility

March 9, 2026
While senior military officials on both sides have signaled that the campaign may intensify in the near term, keeping headline risks elevated, we outline below why we believe the conflict is likely to be short-lived, and what that could mean for the economy, the Federal Reserve and financial markets in the weeks ahead.

The Oil Pipelines That Could Decide the Iran War

March 9, 2026
Iran’s strategy in its war with the US and Israel is by now clear: Impose an intolerable economic cost on President Donald Trump, forcing him to abandon his “war of choice” as American gasoline prices surge. Is there any way the Islamic Republic’s blueprint for survival can fail?